User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday February 5, 2009 - 16:30:10 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

Forex Blog - US Market Update

Today 11:22am

US Market Update

Dow +11 S&P +3.5 NASDAQ +13.5

- Equity markets opened under some pressure as the usual culprits fed an increasingly risk averse environment. Weekly jobless claims spiked above 600K to the highest level in more than a quarter of a century. The relentless selling in the large cap US banks continues sending BofA down another 15% below $4 briefly to levels not seen since the mid 1980s. Wells Fargo traded off more than 10% as well. Early stock losses for the second straight session resulted in Treasury market bids. The 10-year note has traded up roughly half a point for much of the morning sending the yield back below 2.90%. March crude traded below $40 once again early in the session before recouping most of its losses with a rebound in equity markets. Equity markets in both the US and Europe snapped back sharply in late NY morning trade as speculation picked up that the US government was considering suspending mark to market rules when they unveil their latest measures. It should be noted that multiple politicians on both sides of the isle have made statements in the past indicating they were not in favor of altering the current mark to market landscape.

- Jan same store sales results were as expected dismal, but most of the stocks are experiencing a relief rally as the results were not worse than anticipated. WMT +4% TGT +3% ANF +9% AEO +4%

- Shares of Dell are lower after a pre-market downgrade at JP Morgan. JPM also slashed their outlook for PC shipments for the current year weighing on shares of IBM and HPQ.

- Credit card behemoths MA and V are charged up after their earnings results suggested they are weathering the economic storm thus far. MA noted that the gross dollar volume was up better than 3% y/y in the latest quarter

- The European interest rate decisions came in as expected with the BOE cutting by 50bps to 1.00% while the ECB paused at the 2.0% level also expected.

- At the ECB press conference; Trichet initial comments were perceived as 'dovish' as he stated that the market turmoil has intensified and reduced economy activity. The EUR/USD languished below the 1.28 area for most of the NY morning as Trichet backpedaled on potential rate moves at the March ECB policy meeting. Trichet commented that the market expectations of 50bps cut could be accurate in March and that the current 2% level did not mark the floor in the easing cycle. He did reiterate the drawbacks of zero interest rates and complemented the point that the risk that one could be overly pessimistic regarding economic recovery. Protectionism was also cited as a very important threat. EUR/GBP cross was trading at 0.8730 as GBP also benefited from the HBOS housing Index uptick from earlier in the session.

- Some risk aversion sentiment remained in the NY morning session (particularly in financial sector). The IMF's Strauss Kahn noted that he saw the possibility for a global recovery in 2010, but cautioned that such a scenario was not certain. IMF cited that lending not improved at the desired speed and that the implementations of stimulus packages have been 'too much delayed.' The JPY is softer from its opening levels against the major pairs and the selling was only exacerbated by the late morning rebound in stocks.

- The Russian Ruble tested its recently imposed ceiling of 41 against the basket but it did not encounter any significant break of the level. The Russian Central previously commented that it would use all tools available to maintain the ceiling including raising interest rates and currency intervention.

- The Mexican Peso was 1% firmer as unconfirmed reports circulated that its Central bank was again undertaken currency intervention to support MXN.


- The German yield curve maintained its steepening shape with the spread between the 2-year and 10-year at 194bps, the widest level since late 1997.

 

Americas Macro sector headlines

o                                                        Today 10:59am

Hearing equity market strength being attributed to rumors of possible easing or suspension of mark to market accounting rules

o                                                        Today 10:30am

Premium Content. More available for TTN clients only. Click here for a free trial

o                                                        Today 10:30am

*EIA NATURAL GAS INVENTORIES: -195 BCF VS. -195 BCF TO -200 BCF RANGE OF ESTIMATES

o                                                        Today 10:18am

Preview: EIA natural gas inventories due at 10:30amET**consensus estimate range: -195 bcf to -200 bcf

o                                                        Today 10:12am

White House official: President Obama to require new energy efficiency standards among variety of appliances

Copyright © 2009 Trade The News.

 

 

Legal disclaimer and risk disclosure

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.



 

Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 18 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.


  • POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
  • POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity

  • POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
  • POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude

John M. Bland, MBA
co-founding Partner, Global-View.com

Max McKeggs Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries. If you are looking for a quality Forex TRADING Service, see details below.

 

 


Click here to request a TRIAL of Max's Forex Service. By requesting a trial I authorize global-view to conact me.

pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105